ATLANTA, Sept. 16, 2015 /PRNewswire/ — Equifax Inc. (NYSE: EFX), a global information solutions provider, today announced that it has entered into a strategic agreement with Fannie Mae to enable the GSE to disclose updated, anonymous, loan-level FICO® Scores as part of its ongoing monthly disclosures for its Connecticut Avenue Securities™ (CAS) program.
“We are delighted to build on our long-standing relationship with Fannie Mae, and support their credit risk transfer initiatives,” saidGeoffrey Hickman, Managing Director of Government Credit and Financial Markets at Equifax. “Our new agreement with Fannie Mae to provide anonymous, monthly updated FICO Scores supports their mandate to reduce taxpayer risk, and facilitates an increased role for private capital in the mortgage market,” added Hickman.
“We are pleased to be able to provide our CAS investors with these new supplemental monthly credit disclosures to aid in monitoring their investments,” said Laurel Davis, Vice President of Credit Risk Transfer for Fannie Mae. “We strive to provide the market with continued transparency around our CAS securities, and this addition is consistent with that objective.”
Separately, Equifax will also offer potential investors and other interested parties the opportunity to license an expanded dataset of anonymous, loan-level borrower credit variables that will enable analysis of borrowers’ credit behavior apart from their performance on the mortgage loans referenced in CAS transactions. An innovative aspect of the expanded dataset will be the inclusion of Equifax Dimensions™ trended credit attributes. Equifax Dimensions was launched in 2013 and enables users to leverage tradeline level information derived on a historical time series basis.